PowerLinx Inc (PWNX)

[Seahag]

ERUE, the debentures were offered at a rate of $.50 at the Jan meeting. Sometime not long after that they went up to $2.00 per share. It was my understanding at that time that that would be the final opportunity for purchasing the debentures. I just read on "the other board" that someone purchased debentures @ $4.00/share. Did not hear about that particular offering at the time and have not contacted the company to see if did indeed occur. It seems reasonable to me that the shares would be offered a lower than freely trading stocks were in that the debenture holders would have to hold for a year, actually longer than that by the time the certs were issued. Much higher risk to the investors plus having to pay for the legal opinion and a commission to the broker selling the shares etc. SH